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(Updated with terms of contract: 9:37 A.M. Friday)
Mark Sanchez will remain in green for the 2014 season as the 27-year-old will be signing with the Philadelphia Eagles, according to CBS Sports Jason La Canfora. The deal is a one-year contract that can be worth as much as $4 million.
Mark Sanchez is signing with the Eagles today
— Jason La Canfora (@JasonLaCanfora) March 27, 2014
Sanchez had been tied to Philadelphia Eagles and New York Giants ever since he was cut from the Jets. He traveled to Philadelphia yesterday and took his physical today. Sanchez will back up Nick Foles for the upcoming season after Michael Vick signed with the Jets last week.
Last season, Sanchez found himself in a quarterback battle with second-round pick Geno Smith. Sanchez won the battle, but never played a snap after he suffered a torn shoulder labrum versus the Giants in the third preseason game.
His finished his five-year career in New York having experiencing the highest of highs and lowest of lows. After being drafted fifth overall in the 2009 NFL Draft out of USC, Sanchez quarterbacked the Jets to back-to-back AFC Championship games in his first two seasons.
The Long Beach, CA native was never able to match such successes in the ensuing three years. The Jets finished 9-7 and 11-5 in Sanchez's first two seasons, but never finished better than 8-8 the next three years. Sanchez finished his Jets career having throwing for 12,092 yards with 68 touchdowns and 69 interceptions. He completed 55.1 percent of his passes with a 71.7 quarterback rating.
-- See Bleeding Green Nation for the Eagles' perspective and Gang Green Nation for the Jets' perspective on this news.